Export Development Canada to pay $969M dividend to federal government

Canadian flag waving with Parliament Buildings hill and Library in the background

Export Development Canada is paying a $969-million dividend to the federal government this year.

The payment compares with a dividend of $786 million the agency paid last year and $500 million paid in 2016.

EDC generates revenue primarily from interest on loans, fees on its guarantee products, and premiums on its insurance products.

The crown corporation says it finished 2017 with $60 billion in assets and earned $1 billion for the year.

EDC’s full annual report will be released in the second quarter.

Excerpt extracted from ILSTV